Heartland Dental - Net Lease Property for Sale
Charlotte, NC
Key Investment Metrics
Price
$3,759,000
Cap Rate
5.2%
Net Operating Income
$195,456
Building Size
3992 SF
Lot Size
3,992 SF
Land Area
1.08 Acres
Remaining Term
10.8 years
Lease Expiration
10/31/2036
Lease Term
12 years
Lease Commencement
10/12/2024
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2008
Occupancy
100%
Tenancy
Single
Rent Increases
10% in Year 6, 10% in Year 11 and 10% Each Option
About This Heartland Dental Net Lease Property
This Heartland Dental NNN (triple net lease) property is located in Charlotte, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 3992 square feet of building space and was built in 2008.
With a cap rate of 5.2%, this Heartland Dental net lease property offers stable income potential. The asking price is $3,759,000, making it an attractive option for 1031 exchange investors seeking quality Heartland Dental commercial properties.
Why Invest in Heartland Dental NNN Properties?
- Stable Income: Heartland Dental net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Heartland Dental is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Charlotte, NC Market Overview
Located in Charlotte, NC, this Heartland Dental property benefits from strong local demographics and market fundamentals. The Charlotte area offers excellent visibility and accessibility, making it an ideal location for Heartland Dental operations and a solid investment for net lease property buyers.